CKPBSD 403(b) plan restatement period

The district's 403(b) retirement plan is currently going through a required update process called a "plan restatement."

This update is required by the IRS and ensures the retirement plan documents include recent law changes, such as updates from the SECURE Act, CARES Act, and SECURE 2.0.

There are no changes to the plan's provisions or benefits. The documents are simply being updated to reflect current legal and regulatory requirements.

Completing this restatement within the required timeframe helps the district maintain the plan's IRS-approved status and keeps the 403(b) retirement plan compliant with federal regulations.